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title description author ms.author ms.topic ms.custom ms.date ms.reviewer ms.search.region ms.search.validFrom ms.dyn365.ops.version
Vendor advance payments where there are reverse charges
Learn how to create vendor advance payments that have reverse charges, including a step-by-step process for validating tax details.
epodkolzina
epodkolzina
how-to
bap-template
06/04/2019
johnmichalak
India
2019-06-01
10.0.4

Vendor advance payments where there are reverse charges

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  1. Go to Accounts payable > Payments > Vendor Payment journal.
  2. Create a record.
  3. In the Name field, select a value.
  4. Select Lines.
  5. Create a vendor advance payment journal, and then save the record.
  6. Select Tax information.
  7. On the GST FastTab, in the HSN code field, select a value.
  8. Select the Vendor tax information FastTab.
  9. Select OK.

Validate the tax details

  1. On the Action Pane, on the Purchase tab, in the Tax group, select Tax document.

    What you see should resemble the following example:

    • CGST: 10 percent
    • SGST: 10 percent
    • CESS: 1 percent
    • Reverse charge percentage: 70 percent for all the three components

  2. Select Close.

  3. Select Post > Post.

  4. Close the message that you receive.

Update the transaction ID

  1. Select Functions > GST transaction ID.
  2. In the Date field, enter a value.
  3. In the Text field, enter a value.
  4. Select Close.

Validate the financial entries

To validate the financial entries, select Inquiries > Voucher.

Example.

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